4. JOURNAL General Journal -use to record the transactions that cannot recorded in special journal. -some of the main uses of journal are listed below: The purchase and sale of fixed assets on credit The correction of errors Writing off bad debts Opening entries Transactions such as drawings, additional capital by owner Adjustment of balance day
5. Format of General Journal Credit (Cr) Debit (Dr) Folio Details Date General Journal
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8. Example of Purchase Journal Amounts Folio Invoice No Details Date Purchase Journal
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11. Example of Sales Journal Amounts Folio Invoice No Details Date Sales Journal
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14. Format of Return Outwards Journal Amounts Folio Debit Notes No Details Date Return Outwards Journal
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17. Format of Return of Inwards Journal Amounts Folio Debit Notes No Details Date Return Inwards Journal
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20. Two column Cash Book Bank Cash F Details Date Bank Cash F Details Date
21. Three column Cash Book Bank Cash Dis F Details Date Bank Cash Dis F Details Date